Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 76,500 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 76,500 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $13.15, for a total value of $1,005,975.00. Following the transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. The trade was a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The shares were sold at an average price of $12.81, for a total transaction of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00.
• On Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.59, for a total value of $125,900.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $12.73, for a total value of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $13.81, for a total value of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.54, for a total value of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.91, for a total transaction of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total value of $36,075.00.

Travelzoo Stock Performance

Shares of TZOO stock traded down $0.03 during mid-day trading on Thursday, hitting $13.19. The company's stock had a trading volume of 45,452 shares, compared to its average volume of 131,883. The company has a market cap of $146.34 million, a PE ratio of 13.19 and a beta of 1.13. The company's fifty day simple moving average is $13.38 and its 200-day simple moving average is $15.89. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Travelzoo had a return on equity of 434.15% and a net margin of 14.51%. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $22.99 million. On average, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barrington Research restated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $25.67.

Institutional Trading of Travelzoo

Several large investors have recently modified their holdings of TZOO. Ancora Advisors LLC bought a new position in Travelzoo during the fourth quarter worth $30,000. US Bancorp DE acquired a new position in shares of Travelzoo during the first quarter valued at about $31,000. Lazard Asset Management LLC acquired a new position in shares of Travelzoo during the fourth quarter valued at about $87,000. Tower Research Capital LLC TRC boosted its position in shares of Travelzoo by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock worth $112,000 after purchasing an additional 4,746 shares in the last quarter. Finally, Wells Fargo & Company MN acquired a new stake in shares of Travelzoo in the 4th quarter valued at about $158,000. Institutional investors and hedge funds own 27.39% of the company's stock.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.